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Clariant upgrades facility in Midland, Texas, strengthening R&D capabilities

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Clariant has announced the inauguration of a new laboratory at its facility in Midland, Texas. This capital investment upgraded several key infrastructure elements of the operations center. Most prominent is the laboratory, which is the company’s fourth regional technical laboratory in North America. The laboratory has almost doubled in size and is now equipped with industry-leading research and automation equipment. As such, it will increase sample activity undertaken for regional Permian Basin oil and gas producers by up to 45% over the pre-existing test center. “The significant investment made at Midland follows on from our major upgrade in Clinton, Oklahoma announced earlier this year,” John Dunne, Global Head of Oil & Mining Services, Clariant, said. “It is further testament to Clariant’s ...

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Saudi Aramco signs 15 Memoranda of Understanding worth $34 billion

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At the highly impactful Future Investment Initiative (FII) forum in Riyadh, Saudi Aramco signed 15 Memoranda of Understanding (MOUs) and strategic and commercial collaborations valued at more than $34 billion with 15 international partner companies and entities from eight countries in three continents. These collaborations reflect the range and ambition of the company’s business interests, reinforcing its position as the world’s preeminent energy and chemicals company. The MOUs reflect both Saudi Aramco’s and the kingdom’s international partnership strategies and the determination to diversify the economy, enhance the domestic investment environment and boost employment opportunities.  The MOUs support Saudi Aramco’s forward-looking strategy across business units, including downstream, offshore, and engineering. It engages with companies representing eight countries, including major businesses in France, ...

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Wood Mackenzie: Upstream players must boost spending to meet future demand

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Wood Mackenzie forecasts that global oil and gas development spending needs to increase by around 20% to meet future demand growth and ensure companies sustain production next decade. “Companies will need to start investing again to sustain their business,” Malcolm Dickson, Director, Upstream Oil and Gas, said. “But decision making will be fraught with uncertainties, the oil price and energy transition not least among them.”  The company’s research shows the recovery is much slower and shallower than in previous cycles. Development spend will increase 5% this year, after a 2% rise on 2017. Investment rises from a low of $460 billion in 2016 to just over $500 billion in the early 2020s – far below the $750 billion peak in ...

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Control system concerns trend up as industry reactivates sixth-gen rigs

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As the drilling industry begins to reactivate some sixth-generation drilling rigs, lessons are being learned about the concerns being identified, whether electrical, mechanical or relating to control systems. Chris Goetz, Partner at Kingston Systems, noted that he has seen a trend in increasing concerns around control systems. The percentage of concerns that are characterized as critical have also risen during these rig reactivations. To find out more, watch this video from the 2018 IADC Critical Issues Latin America Conference on 16 October in Mexico City.

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Rystad analysis shows Ensco, Rowan merger will create true global footprint

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Two leading offshore drilling contractors – Ensco and Rowan Companies –  have agreed to merge creating an industry-leading drilling contractor capable of working across all water depths with a truly global footprint, a Rystad Energy analysis shows. The combined fleet will encompass 82 units made up of 28 floaters and 54 jackups. A total of 38 units out of the jackup fleet and 11 units of the floater fleet are high spec, giving the combined company one of the most capable fleets in the industry. Through the merger with Rowan, Ensco will enter the harsh-environment Norwegian market where it had previously not had a footprint. This also creates the largest marketed, high-spec jackup drilling contractor in the Gulf of Mexico. The combined company will be very ...

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BP starts up Thunder Horse Northwest Expansion ahead of schedule and under budget

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BP has announced that it has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15% under budget. This is the fourth upstream major project to begin production for BP globally so far this year, following seven that started up in 2017 and six in 2016. BP expects that new projects beginning production between 2016 and 2021, part of its strategic focus on growing gas and advantaged oil production, will provide it with 900,000 BOED of new production by 2021. “Our business in the Gulf of Mexico demonstrates our Upstream strategy in action,” Bernard Looney, BP’s Upstream Chief Executive, said. “Leveraging our world-class position and facilities, we are bringing new barrels ...

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Maersk Drilling lands one-well extension for Maersk Resolute

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Petrogas has exercised an option with Maersk Drilling to extend the current contract of jackup rig Maersk Resolute. The contract extension is for one well, A15 on the Dutch continental shelf, with an expected duration of 21 days. The exercised option extends Maersk Resolute’s confirmed work scope into March 2019. The high-efficiency jackup Maersk Resolute, which was launched in 2008, restarted operations in the Dutch sector in June 2018, after it was originally reactivated from warm-stacking and worked in the sector from June to December 2017. The Maersk Resolute jackup is currently on a rig-share contract between Petrogas, TAQA Energy and Dana Petroleum. There are now two remaining options in the contract – one with TAQA Energy of approximately 72 days, ...

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Rowan Stavanger to drill for Equinor on Gudrun field

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Rowan Norway has been awarded a contract for drilling two wells at the Gudrun field by use of the Rowan Stavanger jackup rig. The rig has furthermore been awarded five options for drilling of single wells. Equinor has signed a framework agreement with Rowan Norway, based on terms that will also apply to future rig contracts with the company. The contract with the Rowan Stavanger jackup is based on the framework format and gives Equinor exclusive right to use the rig up to 2025 if the rig is kept in continuous operation. The value of the fixed part of the contract is estimated at $23 million. In addition to drilling services, the rig owner is responsible for casing running, slop treatment ...

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BP receives OGA approval to develop Alligin field in North Sea

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BP has confirmed it has received approval from the Oil and Gas Authority (OGA) to proceed with the Alligin development west of Shetland, which will target 20 million BOE and is expected to produce 12,000 BOED at peak. The Alligin development will consist of two wells, which will be tied back into the existing Schiehallion and Loyal subsea infrastructure, utilizing the processing and export facilities of the Glen Lyon floating, production storage, offload vessel. It is expected to come on stream in 2020. The development will include new subsea infrastructure, consisting of gas lift and water injection pipeline systems, and a new controls umbilical. The wells will be drilled by the Deepsea Aberdeen rig. Alligin (BP 50% operator; Shell 50%) is part ...

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Talos Energy announces transaction with Pan American Energy

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Talos Energy has announced that the company entered into a transaction with Hokchi Energy, a subsidiary of Pan American Energy to cross assign the company’s participating interest (PI) in Block 2 and Hokchi’s PI in Block 31, both in the Sureste Basin offshore Mexico. Under the agreed conditions for the swap, Talos will assign a 25% PI in Block 2 to Hokchi in exchange for a 25% PI in Block 31, which is immediately to the south of Block 2. Once the transaction is completed, Hokchi will be the operator of both blocks and Talos will own a 25% PI on Block 2 and a 25% PI on Block 31. The transaction is subject to approval by the Mexican oil & ...

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